The Bureau of Labor Statistics reported Record High Annual Inflation Rate in December. Inflation Summary: Annual Inflation highest since June 1982. CPI Index rose from 277.948 to 278.802. Monthly Inflation for December was 0.31% The next release is on February 10th Annual Inflation for the 12 months ending in December was 7.04%. 2021 Inflation Rates Nov. 6.81% -- Oct. 6.22% -- Sept. 5.39% -- Aug. 5.25% -- July 5.37% -- June 5.39% -- January 1.40% Inflation in December 2020 was just 1.36%, but by December 2021, Inflation had multiplied over five times in a single year to 7.04%. As you can see from the chart below, current levels have exceeded the July 2008 peak of … [Read more...]